Similarities Between Capitalism And Democracy

Conventional thought dictates that Capitalism and Democracy are to go hand-in hand, and since the Second World War, both have been the cornerstones of Western society; the free market is supposed to bring about the existence of a free society. While in recent years, both Capitalism and Democracy have experienced their own “Renaissance periods” in which both ideals have—for the most part—flourished, it now appears that the union between Capitalism and Democracy is being challenged, as the turbulent global economy begins to dissolve the power of people living in Democratic countries. Nations like China espouse market freedom while maintaining a distinct lack of political freedom, thereby illustrating the disunion of free markets and individual freedom, highlighting a fundamental conflict within the goals of Capitalism and Democracy. Even from the beginning, there has been a disconnect between the two ideals. Democracy came to the forefront of the world sphere as a facet of globalization; however, globalization has been deteriorated by numerous financial crises, and these economic plights have served to eliminate a sense of trust in those with power among Democratic citizens. Throughout years of globalization, the roles of market and political freedom …show more content…
As consumers and investors, we support large corporations and their near-monopolization of specific industries. We want the best deals, the cheapest products, the fastest delivery, and we want these companies to succeed so that our stocks may flourish. As a result, we continually support these businesses, allowing the power of such corporate entities to go unchecked so as that we may preserve our access to cheap, easily-accessed amenities. In doing so, we also willfully ignore how the monopolization of industries by large corporations contributes to unemployment, poverty, and-as a result of these elements—social